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Columnist Spitzer Slams An AIG Bailout's "Hidden Cash"

Eliot Spitzer the former New York governor and attorney general, who used to blister American International Group in press releases, is now hitting the company as a member of the press over a "scandal."

By Harmony Nicole Fortenberry | Updated on March 18, 2009

Eliot Spitzer the former New York governor and attorney general, who used to blister American International Group in press releases, is now hitting the company as a member of the press over a “scandal.”

In a recent online column for Slate titled “The Real AIG Scandal” Mr. Spitzer said recently revealed payouts of taxpayer cash that AIG made to big trading partners like Goldman Sachs hid “an enormous second round of cash to the same group that had already received TARP [Troubled Assets Relief Program] money already.”

“It all appears, once again, to be the same insiders protecting themselves against sharing the pain and risk of their own bad adventure,” he commented.

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